Virtus KAR Mid-Cap ETF (NYSEARCA:KMID) Short Interest Up 284.1% in July

Virtus KAR Mid-Cap ETF (NYSEARCA:KMID) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,717 shares, a growth of 284.1% from the June 30th total of 447 shares. Based on an average daily volume of 10,172 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KMID. Allegheny Financial Group increased its stake in Virtus KAR Mid-Cap ETF by 40.8% during the first quarter. Allegheny Financial Group now owns 620,374 shares of the company’s stock worth $14,790,000 after acquiring an additional 179,756 shares during the last quarter. Keystone Financial Services LLC raised its position in Virtus KAR Mid-Cap ETF by 2.7% during the fourth quarter. Keystone Financial Services LLC now owns 181,145 shares of the company’s stock valued at $4,416,000 after purchasing an additional 4,788 shares during the period. CLG LLC bought a new stake in shares of Virtus KAR Mid-Cap ETF in the 2nd quarter valued at approximately $1,657,000. Advisory Resource Group lifted its stake in shares of Virtus KAR Mid-Cap ETF by 6.3% in the 4th quarter. Advisory Resource Group now owns 35,693 shares of the company’s stock valued at $870,000 after purchasing an additional 2,119 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Virtus KAR Mid-Cap ETF in the 3rd quarter valued at approximately $504,000.

Virtus KAR Mid-Cap ETF Stock Up 0.8%

Shares of NYSEARCA:KMID opened at $25.37 on Tuesday. The firm has a fifty day simple moving average of $24.94 and a two-hundred day simple moving average of $24.97. Virtus KAR Mid-Cap ETF has a 52 week low of $23.14 and a 52 week high of $26.03. The stock has a market capitalization of $46.43 million, a P/E ratio of 30.72 and a beta of 0.73.

About Virtus KAR Mid-Cap ETF

The Virtus KAR Mid-Cap ETF (KMID) is an exchange-traded fund that mostly invests in mid cap equity. The fund is actively managed, investing in mid-cap companies with sustainable advantages, strong management, and low financial risk, primarily focusing on US stocks. The fund aims for long-term growth of capital. KMID was launched on Oct 15, 2024 and is issued by Virtus Investment Partners.